Innovid Corp. (NYSE:CTV) CEO Purchases $41,400.00 in Stock

Innovid Corp. (NYSE:CTV) CEO Zvika Netter purchased 20,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of $2.07 per share, with a total value of $41,400.00. Following the completion of the transaction, the chief executive officer now owns 4,960,733 shares of the company’s stock, valued at $10,268,717.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Zvika Netter also recently made the following trade(s):

• On Wednesday, February 28th, Zvika Netter purchased 25,000 shares of Innovid stock. The shares were acquired at an average price of $1.84 per share, with a total value of $46,000.00.

Innovid Stock Up 1.4 %

Shares of NYSE CTV opened at $2.13 on Thursday. Innovid Corp. has a fifty-two week low of $0.89 and a fifty-two week high of $2.58. The company has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $1.78.

Innovid (NYSE:CTV) last announced its earnings results on Tuesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Innovid had a negative net margin of 20.24% and a negative return on equity of 7.81%. The business had revenue of $36.74 million for the quarter, compared to the consensus estimate of $35.99 million. During the same period in the prior year, the business posted ($0.06) EPS. Analysts predict that Innovid Corp. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTV has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of Innovid from $1.60 to $2.10 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 price objective on shares of Innovid in a research note on Wednesday, April 10th. TheStreet raised shares of Innovid from a “d” rating to a “c-” rating in a research note on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Innovid in a research note on Monday.

Institutional Investors Weigh In On Innovid

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Innovid in the first quarter worth approximately $56,000. Lazard Asset Management LLC purchased a new position in shares of Innovid during the 1st quarter worth $58,000. Jump Financial LLC purchased a new position in shares of Innovid during the 3rd quarter worth $34,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Innovid by 29.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,538 shares of the company’s stock worth $276,000 after acquiring an additional 48,704 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Innovid by 230.9% during the 3rd quarter. Acadian Asset Management LLC now owns 190,223 shares of the company’s stock worth $242,000 after acquiring an additional 132,728 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Innovid Company Profile

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.